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CME live cattle and feeder cattle futures rose on March 29, 2022, with June live cattle up to 138.475 cents and May feeders up 4.325 cents. Feeder cattle gained as corn futures fell nearly 3% on signs of progress toward resolving the Russia-Ukraine conflict, while lean hogs declined ahead of the USDA Hogs and Pigs report.
Lower corn costs improve feedlot margins and support feeder demand, while the upcoming hog inventory report could reset hog prices.
thecattlesite.comGlobal Ag MediaMar 29, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Feeder futures rallied on March 29 as corn fell nearly 3% on Russia-Ukraine progress, lowering feeding costs; this is the same input-cost mechanism, but it falls two days before the move date.
